Saturday, April 17, 2010

How a Python Devours its Prey

A great article from last fall came back around to me, still fully relevant. John Lewis writes of a warning from a man appointed by Bill Clinton -- and if he's scared, everyone else should be.

"...mandated fiscal entitlements, projected into the future, are over 52,000 billion dollars. That will equal 90% of all household wealth in the U.S., and will place a burden of over 450 thousand dollars on every household in the land. This is almost ten times the present median household income level... "

"Health care entitlements constitute by far the largest single piece of this economic disaster. Those who think that creating thousands of billions of dollars in new government entitlements--in a health care bill that adds tens of millions of Americans to government programs--will do anything except hasten the coming bankruptcy are out of touch with reality. "

"If fundamental reforms are not begun now, Walker concludes, the United States will experience a financial and political collapse comparable to the fall of Rome."

We only have to review a little Roman history to get the full impact of that last one.

"He stresses that this coming financial meltdown is known by everyone in Washington--but no one wants to acknowledge it. "

I would add: Obama may not want to acknowledge it; he simply *wants* it. This is his path to permanent, unbridled power. I mean that seriously and literally. Stay tuned.

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